Brian Armstrong

The old joke is you lend it out at 6%, you pay 3%, and you're on the

The old joke is you lend it out at 6%, you pay 3%, and you're on the

you know, the tee time by three o'clock or whatever.

you know, the tee time by three o'clock or whatever.

But that business model is not available to you unless you have a bank license.

But that business model is not available to you unless you have a bank license.

But in a stablecoin world with 100% reserves, you don't need a bank license for that.

But in a stablecoin world with 100% reserves, you don't need a bank license for that.

And you can give people more money.

And you can give people more money.

Because it's safer.

Because it's safer.

Yeah, and it's not interest, it's a rewards program.

Yeah, and it's not interest, it's a rewards program.

This was carefully negotiated in the Genius Act.

This was carefully negotiated in the Genius Act.

And yes, that's our view.

And yes, that's our view.

I mean, look, in my opinion, it's actually- What's the difference there?

I mean, look, in my opinion, it's actually- What's the difference there?